- EUR/JPY adds to Thursday’s losses and breaches 142.00.
- The next support of note comes at 140.00.
EUR/JPY extends the rejection from recent peaks past the 144.00 mark at the end of the week.
Overbought conditions and renewed demand for the Japanese yen now force the cross to shed further ground and re-shift its attention to the 140.00 neighbourhood, which emerges as the next magnet for bears in the short-term horizon.
So far, while above the 3-month support line near 136.20, the near-term outlook for the cross should remain bullish.
EUR/JPY daily chart
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